Nucor Keeps HRC Spot Prices Unchanged
[tintuc]
U.S. steel producer Nucor has decided to keep its hot-rolled coil (HRC) spot prices unchanged this week, marking an end to a two-week price increase streak.
The company maintained its spot price for consumers (CSP) at $690 per ton for its mills outside of California. At Nucor’s California Steel Industries (CSI) mill in Southern California, prices also remained steady at $755 per ton.
Lead times for deliveries are unchanged, remaining within the 3-5 week range.
This decision follows two consecutive weeks of price increases that saw CSP rise by $40 per ton.
HRC prices in both the Midwest and Southern regions had increased by $25 per ton last week, reaching $675 per ton ex-works.
Nucor's decision to maintain CSP at current levels comes after most deals in the U.S. ferrous scrap market remained flat last week. Both prime scrap and obsolete scrap — the primary raw material costs for steel producers using electric arc furnaces — saw little to no change from July levels amid slowing inflows.
U.S. steel producer Nucor has decided to keep its hot-rolled coil (HRC) spot prices unchanged this week, marking an end to a two-week price increase streak.
The company maintained its spot price for consumers (CSP) at $690 per ton for its mills outside of California. At Nucor’s California Steel Industries (CSI) mill in Southern California, prices also remained steady at $755 per ton.
Lead times for deliveries are unchanged, remaining within the 3-5 week range.
This decision follows two consecutive weeks of price increases that saw CSP rise by $40 per ton.
HRC prices in both the Midwest and Southern regions had increased by $25 per ton last week, reaching $675 per ton ex-works.
Nucor's decision to maintain CSP at current levels comes after most deals in the U.S. ferrous scrap market remained flat last week. Both prime scrap and obsolete scrap — the primary raw material costs for steel producers using electric arc furnaces — saw little to no change from July levels amid slowing inflows.
